. >> with strong defense of the dodd/frank act. remember the financial crisis of 2008 you read of the hundreds of millions of dollars being spent on lobbyist to repeal financial reform. they're not perfect but in place would have limited the financial crisis. basel iii capital and -- requirements and burdens were intended for our big banks would effectively put community banks out of business. interestingly enough former city group executive sandy weill interview on squawk box we should split up investment banking have banks be fed deposit takers have banks not risk the taxpayer dollars for those that are not too big to fail. sheila bair recently concluded the law clearly establishes a framework that allows financial firms to fail while preventing a broader economy and ends two big to fail. finally we could be spent all morning with mats quotes but lot of them have better words. i will conclude the system has become too complex for people to make the mistake of thinking it means the end of the discussion when it is just the beginni